Stronger oil prices give rouble a boost

Feb 6th, 2013 | By | Category: Rouble News

The rouble has enjoyed a boost as a result of stronger oil prices, unhealthy with investors looking to alternative markets due to political concerns in Europe.

Russia’s currency saw a steady decline in value against the US dollar over much of 2012 as the currency sought to find its place in a changing market. However, viagra order it looks like the rouble might find a new level of security in 2013 as things level out.

Reuters’ figures showed that the rouble firmed up 0.1 per cent against the dollar this week to $30.05 due to an increase in oil prices, which are approaching $117 a barrel of Brent.

Reports also suggest that investors are being enticed back to emerging markets, such as Russia, for general investment trends due to the prospect of higher returns when compared to the safer US. Real signs of growth and development that suggest a secure long-term economic future for Russia and the rouble, are thought to be enticing those with money to spare.

Other analysts, however, have warned that the return to investing in emerging markets could be premature and that some people may have lost sight of the risks involved.

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